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Airbnb city listings are taking a hammering due to the coronavirus - Business Insider

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Airbnb bookings in coronavirus hotspot cities have collapsed by as much as 96% since January

Cancellations of big events have also hit Airbnb rentals. AirDNA analyzed the cancellation of South By Southwest, which last year raked in $16.1 million in rentals. This year Austin property renters are projected to earn just $9.8 million over the same 10-day period.

AirDNA noted that while the outlook is bleak for cities, more remote listings have been less damaged by the outbreak so far. "It's important to note that the impacts are highly localized — that is, the markets affected are largely limited to where the virus actually is. This may seem obvious, but it's important to recognize that the vast majority of vacation rental markets are not in all-out panic mode," the report concludes.

The virus has struck Airbnb at a particularly sensitive time, as the company was planning to launch its public offering this year, beginning the process in March or April.

 

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Yeah and I only got refunded half even tho the city closed my event down for the week... Bunch of crap

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